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Danaos Corporation Adds One More Newly Built Vessel to Its Fleet

ATHENS, GREECE--(Marketwire - May 4, 2011) - Danaos Corporation (NYSE: DAC), a leading international owner of containerships, announced that on May 4, 2011, it took delivery of one more newly built containership, the Hanjin Greece, expanding its operational fleet to a total of 55 containerships aggregating 257,029 TEU.

The Hanjin Greece, built at Hyundai Samho Heavy Industries Co. Ltd. has a carrying capacity of 10,100 TEU, is 349 meters long, 45.6 meters wide and has a speed of 25.50 knots. The Hanjin Greece has commenced its 12-year time charter at a fixed charter rate immediately upon delivery.

About Danaos Corporation

Danaos Corporation is an international owner of containerships, chartering its vessels to many of the world's largest liner companies. Our current fleet of 55 containerships aggregating 257,029 TEUs ranks Danaos among the largest containership charter owners in the world based on total TEU capacity. Danaos is one of the largest US listed containership companies based on fleet size. Furthermore, the company has a contracted fleet of 10 additional containerships aggregating 105,650 TEU with scheduled deliveries up to 2012. The company's shares trade on the New York Stock Exchange under the symbol "DAC."